Georgia Rural Health Revolving Loan Fund

In 1982, the Middle Georgia Regional Development Center created the Development Corporation of Middle Georgia (DCMG) to promote economic growth in the region. In 2004, the name was changed to the Georgia Small Business Lender, Inc. (GSBL). The GSBL is a private nonprofit corporation.

In 2003 with the assistance of the Department of Community Health/Office of Rural Health Services (ORHS) and the Georgia Rural Enrichment and Access Program (REAP) at Mercer University School of Medicine, and the GSBL established its Healthcare Revolving Loan Fund (RLF). This Fund lends money to healthcare providers in rural and underserved areas across the State of Georgia.

The goal of the RLF is to sustain and increase access to healthcare as well as improve the quality of healthcare in rural and medically underserved areas of Georgia. Providers can obtain financing for primarily hard assets (land, building, and equipment with a useful life of ten years or more). Under certain circumstances, the RLF will finance working capital provided there is sufficient collateral to secure the loan. The program participates with private sector lenders to fund projects. The typical funding scenario is the private sector lender lends the applicant up to 50% of the eligible project cost. The applicant contributes at least 10% of the project cost with the RLF lending the remaining 40%. The interest rate and term of the loan is determined by the Loan Review Committee and depends on the project and the assets being financed.

Business Eligibility »
Ineligible Businesses »
Eligible Project Costs »
Ineligible Project Costs »
Loan Amounts »
Terms of Loans »
Interest Rates »
Example of Loan Structure »
Collateral Required »
Required Information »